Government Food Stockpiles June 2023: Majority Still Below Target
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The National Food Agency (Bapanas) targets a minimum of 5% of the total monthly national needs for the government's food reserve stock (CPP).
The CPP is needed so that the government can intervene if there are price fluctuations in staple food commodities domestically.
However, until June 2023, the CPP stock for several commodities was still below target, even reaching 0% of national needs.
This was revealed by the Head of Bapanas, Arief Prasetyo Adi, in his presentation material entitled *National Food Situation and the National Food Agency's Strategy in Maintaining National Food Stability* (June 2023).
According to the document, until June 19, 2023, the government had a rice reserve of approximately 600,800 tons, while the estimated national rice needs are 2.57 million tons per month.
Thus, the ratio of the government's rice reserve stock reached 23% of the total monthly national needs, which means it has far exceeded the minimum target.
The government also has a very large reserve of granulated sugar, with a ratio reaching 41% of the total monthly national needs, as well as a beef and buffalo reserve with a ratio of 11%.
However, for several other food commodities, such as corn, soybeans, shallots, garlic, chilies, chicken meat, chicken eggs, and fish, the government's reserve ratio is still 0% of the total monthly national needs.
As for cooking oil, the government has a sufficient reserve, but the ratio is only 3%, still below the Bapanas target.
"With the enactment of Presidential Regulation 125/2022, PMK 153/2022, and PMK 34/2023, State-Owned Enterprises (SOEs) in the food sector, together with the National Food Agency, are making progress in strengthening the Government's Food Reserve through Interest Subsidies on Loans and Government Guarantees," said the Head of Bapanas in his presentation material.
"The stock level (reserve) of each commodity is targeted to be 5%-10% of the needs or national market share to be able to intervene in market prices," he continued.
Here is a detailed breakdown of the volume of the government's food reserves by commodity, along with the estimated monthly national needs, and their ratio according to Bapanas data as of June 19, 2023:
Granulated Sugar
* Government Food Reserve (CPP): 115,275.31 tons
* Monthly national needs: 288,331 tons/month
* Percentage of CPP to monthly national needs: 41%
Rice
* Government Food Reserve (CPP): 600,820 tons
* Monthly national needs: 2,570,163 tons/month
* Percentage of CPP to monthly national needs: 23%
Beef and Buffalo Meat
* Government Food Reserve (CPP): 7,648.83 tons
* Monthly national needs: 68,066 tons/month
* Percentage of CPP to monthly national needs: 11%
Cooking Oil
* Government Food Reserve (CPP): 20,172.26 kiloliters
* Monthly national needs: 603,196 kiloliters/month
* Percentage of CPP to monthly national needs: 3%
Soybeans
* Government Food Reserve (CPP): 509.93 tons
* Monthly national needs: 227,979 tons/month
* Percentage of CPP to monthly national needs: 0%
Fish
* Government Food Reserve (CPP): 482.72 tons
* Monthly national needs: 1,339,425 tons/month
* Percentage of CPP to monthly national needs: 0%
Chicken Meat
* Government Food Reserve (CPP): 153.10 tons
* Monthly national needs: 292,167 tons/month
* Percentage of CPP to monthly national needs: 0%
Chicken Eggs
* Government Food Reserve (CPP): 98.03 tons
* Monthly national needs: 490,041 tons/month
* Percentage of CPP to monthly national needs: 0%
Shallots
* Government Food Reserve (CPP): 1.04 tons
* Monthly national needs: 99,697 tons/month
* Percentage of CPP to monthly national needs: 0%
Garlic
* Government Food Reserve (CPP): 0.34 tons
* Monthly national needs: 55,780 tons/month
* Percentage of CPP to monthly national needs: 0%
Chilies
* Government Food Reserve (CPP): 0.53 tons
* Monthly national needs: 76,532 tons/month
* Percentage of CPP to monthly national needs: 0%
Corn
* Government Food Reserve (CPP): -
* Monthly national needs: 1,394,510 tons/month
* Percentage of CPP to monthly national needs: 0%
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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